Cryptocurrency holder loses $100,000 to ‘Coinbase Support’ scammer found via Google ad

Scammers looking at support reps of crypto companies are everywhere on social media and elsewhere. Now, apparently, they are buying Google ads to rise to the top of Google’s search rankings. While Google says it’s trying to weed out fraudulent advertisers, some slip through the cracks.

While such phishing attacks are prevalent in both crypto and tradfi, crypto platforms often do not have similar safeguards as major banking platforms to try to prevent unauthorized transactions, nor do they have the same ability to reverse transactions made.